ETH rallies 15% in five days as institutional adoption and network upgrades drive investor confidence toward $2,000.
Ether (ETH) surged 15% over five days, approaching $1,800 as Bitmine Immersion Technologies’ aggressive accumulation reinforced the $1,500 support level. The rally follows final tests for Ethereum’s Glamsterdam upgrade and Robinhood’s Layer 2 launch, signaling stronger traditional finance integration.
ETH outperformed the broader crypto market by 7% in the past 30 days, buoyed by optimism around the Digital Assets CLARITY Act. The bill’s progress, despite banking sector pushback, has eased regulatory concerns. ETH options markets reflected reduced fear, with the 25% delta skew exiting extreme levels.
The $8 billion in unrealized losses from prior downturns has not deterred accumulation, as traders eye a potential breakout toward $2,000. Deribit data shows a 9% premium for put options, down from earlier fear-driven levels.